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Studio flat for sale
All Saints, Portobello Lane, Sunderland SR6
£31,000
All Saints, Portobello Lane, Sunderland SR6
£31,000
Our Summary
- Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply
- Hands off investment opportunity
Description
This is a fully furnished luxury studio apartment located in the popular student development, All Saints House, in the heart of Sunderland. The apartment is situated just 0.7 miles from the city center and 1 mile from the University of Sunderland campus, making it an attractive option for students. The studio features a personal kitchen, en-suite shower room, and study area, as well as onsite WiFi and ample parking. The property is being offered as an investment opportunity, with a gross rent of £6,490 and a net income of £2,539.69, resulting in a gross yield of 20.94% and a net yield of 8.19%. Note that the property can only be purchased with cash and is not eligible for a mortgage due to lease restrictions.